The company has signed three-way deal with United Al Saqer Heavy Equipment to expand distribution capacity and strengthen logistics network in the UAE and GCC
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Crude rebounds after election-driven sell-off as Iran reports three more vessels damaged; attacks on Gulf shipping continue at near-record pace
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Technology shares lead worldwide sell-off as investors fear tighter regulation and a slowdown in data centre construction; Asian chipmakers suffer heavy losses
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A record-breaking ADIPEC 2026 ended on a solid note with more than 50,000 deals worth an estimated $67 billion being sealed over four days, up 26.4% over 2025. The mega energy event welcomed 240,000 attendees from 170 countries, thus reinforcing its position as a global meeting point for the energy sector.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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Emaar Properties reported a revenue of AED37.5 billion ($10.2 billion), up 13% year-on-year, EBITDA of AED19.7 billion ($5.4 billion), up 19%, and net profit before tax of AED19.8 billion ($5.4 billion), up 18%, for the nine months ended September 30, 2026.
French energy giant Engie has announced the financial close for Barka 3 and Sohar 2 - two key combined cycle gas turbine (CCGT) power plants located in Oman. The refinancing follows 15-year extensions of both plants’ power purchase agreements (PPAs) earlier this year, which secure their operations until 2043.
China State Construction Engineering Corporation Middle East has announced that it has broken ground on the North Kabd Wastewater Treatment Plant Project being implemented at a total cost of KD998 million ($3.3 billion) in Kuwait city. On completion, it will be the country’s largest wastewater treatment plant.
KBR, a leading provider of technology and engineering solutions, has been awarded a major contract to provide detailed engineering design services for Basrah Gas Company’s West Qurna-1 Low-Pressure Gas Capture Project in Iraq. The project is being delivered by AKT Oil Services under its engineering, procurement and construction contract with BGC.
Bahrain's Gateway Gulf 2026 unveiled $22.3 billion in strategic announcements, partnerships, and deals during its fourth edition this week.
Renewable and clean electricity generation sources now account for almost 46 per cent of Abu Dhabi's total power generation, up from under 5 per cent in 2020, according to an EWEC (Emirates Water and Electricity Company) report.
Democratic control of Congress could constrain military options, while Gulf diplomacy and Chinese mediation offer a possible route to a settlement. But conflicting signals from Washington and Tehran, and the risk of either side seeking a face-saving military victory, keep the region on edge.
Saudi sovereign wealth fund PIF has announced that it has raised $3 billion-equivalent in dual-tranche credit facilities guaranteed by SACE, Italy’s export credit agency. The transaction will further expand trade and create new cooperation opportunities within PIF’s ecosystem to procure goods and services from Italian suppliers.
Big 5 Global returns to Dubai this month, bringing together over 1,800 exhibitors from 60 countries as the construction industry across the Mideast, Africa and South Asia looks to boost procurement efficiency, supply chains and adopt technologies that support project delivery, said the organisers.
UAE energy major ADNOC has announced the signing of a framework agreement for the local manufacturing and supply of...
UAE energy major ADNOC has announced the signing of a framework agreement for the local manufacturing and supply of...
Saudia Group's low-cost carrier flyadeal has launched twice-weekly direct flights between Madinah and Damascus, thu...
UAE energy major ADNOC has announced the signing of a framework agreement for the local manufacturing and supply of...
Fourteen of the more than 1,000 companies VAST Data, the AI Operating System company, serves have made more than $1...
Apollo Global Management's strategic investment in Mubadala Capital marks another milestone in the UAE's emergence ...
UAE-based Condor Developers has announced that it has completed the work on its sixth residential project in Dubai ...
DP World’s Shipping Solutions AMEA business, is expanding its partnership with VisionSpring Foundation to provide f...
The Middle East crisis could accelerate major shifts in employment across Asia and the Pacific as countries seek to...
ENOC Group has inaugurated its first ZOOM convenience store featuring Amazon’s Just Walk Out technology, introducin...
Qatar Financial Centre (QFC), a leading onshore financial and business centre, has announced that Shorooq Doha Advi...
Messe Frankfurt Saudi Arabia has announced that Automechanika Riyadh, the country’s leading trade exhibition for th...
Senior policymakers, diplomats, business leaders and experts from India and the GCC will discuss steps to further e...
Democratic control of Congress could constrain military options, while Gulf diplomacy and Chinese mediation offer a...
